REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

See the following table and related discussions by operating segment for details.

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Aerospace
Commercial Aviation Original Equipment	$	436	$	446	$	867	$	1,121
Commercial Aviation Aftermarket	1,015		661		1,925		2,046
Defense and Space	1,315		1,436		2,606		2,737
	2,766		2,543		5,398		5,904
Honeywell Building Technologies
Products	830		659		1,628		1,400
Building Solutions	577		518		1,137		1,058
	1,407		1,177		2,765		2,458
Performance Materials and Technologies
UOP	571		517		1,098		1,111
Process Solutions	1,166		1,093		2,262		2,244
Advanced Materials	815		608		1,538		1,260
	2,552		2,218		4,898		4,615
Safety and Productivity Solutions
Safety and Retail	616		511		1,359		1,013
Productivity Solutions and Services	383		268		726		555
Warehouse and Workflow Solutions	880		554		1,724		1,012
Advanced Sensing Technologies	204		206		392		383
	2,083		1,539		4,201		2,963
Net sales	$	8,808	$	7,477	$	17,262	$	15,940

The disaggregation of the Company's revenue based off timing of recognition is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Products, transferred point in time	58	%	61	%	58	%	61	%
Products, transferred over time	17		16		18		15
Net product sales	75		77		76		76
Services, transferred point in time	7		7		7		8
Services, transferred over time	18		16		17		16
Net service sales	25		23		24		24
Net sales	100	%	100	%	100	%	100	%

Contract with Customer Asset and Liability [Table Text Block]

The following table summarizes the Company's contract assets and liabilities balances: 

	2021		2020
Contract assets - January 1	$	1,618	$	1,602
Contract assets - June 30	1,868		1,760
Change in contract assets - increase (decrease)	$	250	$	158
Contract liabilities - January 1	$	(4,033)	$	(3,501)
Contract liabilities - June 30	(3,740)		(3,574)
Change in contract liabilities - decrease (increase)	$	293	$	(73)
Net change	$	543	$	85

Revenue Remaining Performance Obligation Expected Timing of Satisfaction [Table Text Block]

The following table outlines the Company's remaining performance obligations disaggregated by segment: 

	June 30, 2021
Aerospace	$	8,930
Honeywell Building Technologies	6,776
Performance Materials and Technologies	7,579
Safety and Productivity Solutions	3,741
	$	27,026